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Coverdell Education Savings Plans  

Coverdell Education Savings Plans (CESAs)

Help your child’s college savings grow right along with them.

A Coverdell Education Savings Plan (CESA) is a smart way to save for your child’s education. This savings plan can help pay for your child’s primary, secondary, and college education expenses by investing in an account where the money can grow tax-deferred.


What’s in it for you:

  • Tax-free withdrawals for qualified education expenses
  • FDIC insured on North Shore Bank CDs
  • Funds are considered an asset of the beneficiary
  • Eligibility to contribute depends on Modified Adjusted Income  (Consult your tax advisor)


Distributions:

  • Distributions are tax-free and penalty-free if used by the beneficiary for qualified education expenses before reaching the age of 30.
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Routing Number: 275071356    Customer Service: 877.672.2265
Routing Number: 275071356 | Customer Service: 877.672.2265 | Member FDIC | Copyright North Shore Bank